Global Animal Protein Market By Type ( Whey Protein, Casein and Caseinates, Milk Protein, Egg Protein, Gelatin ), By Application( Bakery and Confectionery, Meat and Meat Products, Animal Feed, Others ), By Region and Key Companies - Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2023-2033
- 02 Jan 2023
In 2023, the Global animal protein market was valued at USD 44.09 Billion. It is expected that it will reach USD 74.60 billion by 2033. This market is expected to grow at an annual CAGR of 5.70% between 2023 and 2033. The specific source of animal protein is eggs, milk, and fish. Animal protein is used as a foaming agent and emulsifier in the food and beverage, cosmetics, and nutraceutical industries. There are many options for animal protein. These include egg protein (fish protein), gelatin, and dairy protein. The demand for infant formula is increasing, driving the market for animal proteins such as dairy protein.
Asia Pacific’s growth in demand and expansion of distribution channels for animal protein ingredients is expected to drive the animal protein ingredient market. Concerns about the safety of animal protein components have been raised in Asia. These concerns could hinder the market growth for animal protein ingredients in Asia.
North America’s population clearly prefers animal-based protein supplements. As protein is the main food consumed in North America there are clear opportunities to grow the market for animal protein ingredients.
Latin America is the largest exporter of protein-rich feed for animals. This indicates that Latin America will continue to grow its animal protein ingredients market. By its large share in animal-based protein imports, the Middle East contributes to the animal protein ingredient market.
The European market is witnessing a shift from animal-based to plant-based proteins. This is to reduce animal farming and protect the environment. However, this may cause a slowdown in the growth of the animal protein ingredients industry in Europe.
Animal Protein Ingredients Market Scope:
By Type, the market is segmented into Egg Protein, Gelatin, and Dairy Protein. By Application, the market is divided into Feed Industry, Pet Food Industry, Pharmaceutical Industry, Dietary Supplements, and Food Industry.
Based on geography the market is analyzed across North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa. Major players profiled in the report include Omega Protein Corporation, Gelita, Bovogen biologicals, Novozymes, BHJ A/S, Sonac, and Valley Proteins.
Key Market Segments
Casein and Caseinates
Bakery and Confectionery
Meat and Meat Product
Key Market Players included in the report:
Omega Protein Corporation
In recent years, nutritious foods have played a significant role in healthy lifestyles due to consumer concerns about their health and the belief that nutrition can directly impact health. According to an NIH-funded study, a healthy diet can improve overall health and reduce the incidence of type 2 diabetes and stroke. A healthy eating trend, especially the protein diet, is growing in popularity and drawing public attention. This has significantly accelerated the development of healthier food formulations. For healthy food compositions, animal protein components are becoming an essential component of the food processing industry. Dairy components are used in the production of fundamental food compositions, such as calcium enrichment and fat reduction. The milk minerals concentrate is used for increasing the calcium content in yogurts, dairy drinks, cheese spreads, and other food products. Whey protein also promotes fat globules which result in low-fat cheeses, sweets, and ice creams. The market for animal protein ingredients is growing because of increasing consumer awareness about the nutritional value and benefits of food.
Modernization has led to a shift in consumer behavior and eating habits. Because there are so many alternatives, consumers are shifting away from dairy products to non-dairy options. Every non-dairy dairy milk has a unique nutritional profile with different levels of protein, carbohydrate, and fat, as well as vitamins, minerals, and other nutrients. Because it is easier than regular milk to digest, plant-based milk promotes digestive well-being. Non-dairy milk can also be gluten-free which is very beneficial for people with celiac disease and non-celiac gluten sensitivities. Due to personal limitations, many consumers prefer dairy substitutes to dairy products. This has limited the demand for animal protein sources.
Global Animal Protein Ingredients Key Market Trends
The growth of the Global Animal Protein Ingredients market is aided by the increasing aquaculture sector, which makes fishmeal a major source of animal protein components. The trend towards sustainable meat and feed production across the globe is also being pursued, which contributes to the Global Animal Protein Ingredients Market as a macroeconomic element. However, people are turning more to vegetarian and vegan sources of protein for health reasons. This could limit the growth of the animal protein ingredient industry.
Darling Ingredients Inc. was the world’s most prominent producer of decarbonization products and a company that transforms animal and food byproducts into specialty feed ingredients. In August 2022, FASA Group, Brazil’s largest independent rendering firm, was acquired by Darling Ingredients Inc.
Arla officially opened a new production facility at Pronsfeld’s German dairy in May 2022. This represents Arla’s largest dairy investment. It will help address the growing demand worldwide for high-quality, affordable, and nutritious dairy products. Arla has allocated EUR 190 million to expand its Pronsfeld dairy.
Table Of Content
1. Animal Protein Market Introduction
1.3. Research Scope
2. Executive Summary
2.1. Key Findings by Major Segments
2.2. Top strategies by Major Players
3. Global Animal Protein Market Overview
3.1. Animal Protein Market Dynamics
3.2. PESTLE Analysis
3.3. Opportunity Map Analysis
3.4. PORTER’S Five Forces Analysis
3.5. Market Competition Scenario Analysis
3.6. Product Life Cycle Analysis
3.7. Opportunity Orbits
3.8. Production Analysis by Region/Company
3.9. Industry chain Analysis
3.10. Marketing Strategy
4. Global Animal Protein Market Value & Volume ((US$ Mn & ‘000 Units)), Share (%), and Growth Rate (%) Comparison by Type, 2012-2028
4.1. Global Animal Protein Market Analysis by Type: Introduction
4.2. Market Size and Forecast by Region
4.3. Whey Protein
4.4. Casein and Caseinates
4.5. Milk Protein
4.6. Egg Protein
5. Global Animal Protein Market Value & Volume ((US$ Mn & ‘000 Units)), Share (%), and Growth Rate (%) Comparison by Application, 2012-2028
5.1. Global Animal Protein Market Analysis by Application: Introduction
5.2. Market Size and Forecast by Region
5.3. Bakery and Confectionery
5.4. Meat and Meat Products
5.5. Animal Feed
6. Global Animal Protein Market Value & Volume ((US$ Mn & ‘000 Units)), Share (%), and Growth Rate (%) Comparison by Region, 2012-2028
6.1. North America
6.1.1. North America Animal Protein Market: Regional Trend Analysis
6.2.1. Europe Animal Protein Market: Regional Trend Analysis
220.127.116.11. Rest of Europe
6.3.1. Asia-Pacific Animal Protein Market: Regional Trend Analysis
18.104.22.168. Rest of Asia-Pacific
6.4. Latin America
6.4.1. Latin America Animal Protein Market: Regional Trend Analysis
22.214.171.124. Rest of Latin America
6.5. Middle East and Africa
6.5.1. Middle East and Africa Animal Protein Market: Regional Trend Analysis
126.96.36.199. South Africa
188.8.131.52. Rest of MEA
7. Global Animal Protein Market Competitive Landscape, Market Share Analysis, and Company Profiles
7.1. Market Share Analysis
7.2. Company Profiles
7.3. Tyson Food
7.3.1. Company Overview
7.3.2. Financial Highlights
7.3.3. Product Portfolio
7.3.4. SWOT Analysis
7.3.5. Key Strategies and Developments
7.4. Thai Union
7.4.1. Company Overview
7.4.2. Financial Highlights
7.4.3. Product Portfolio
7.4.4. SWOT Analysis
7.4.5. Key Strategies and Developments
7.5. Charoen Pokphand Indonesia
7.5.1. Company Overview
7.5.2. Financial Highlights
7.5.3. Product Portfolio
7.5.4. SWOT Analysis
7.5.5. Key Strategies and Developments
7.6.1. Company Overview
7.6.2. Financial Highlights
7.6.3. Product Portfolio
7.6.4. SWOT Analysis
7.6.5. Key Strategies and Developments
8. Assumptions and Acronyms
9. Research Methodology
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